First Mortgage Programs
Federal government Loans
CalHFA FHA Loan Program
The CalHFA FHA Program is an FHA-insured loan featuring a CalHFA 30 year fixed interest rate first home mortgage.
CalPLUS FHA Loan Program
The CalPLUS FHA program is an FHA-insured first home loan with a somewhat higher 30 year repaired interest rate than our basic FHA program and is combined with the CalHFA Zero Interest Program (ZIP) for closing expenses.
CalHFA VA Loan Program
The CalHFA VA program is a VA-insured loan including a CalHFA repaired interest rate very first home loan. This loan is a 30-year fixed rate of interest very first home loan.
CalHFA USDA Program
The CalHFA USDA Program is a USDA Guaranteed first mortgage program, which can be integrated with the MyHome Assistance Program (MyHome). This loan is a 30-year set interest rate very first home mortgage.
Standard Loans
CalHFA Conventional Loan Program
The CalHFA Conventional program is a very first mortgage guaranteed through private home loan insurance on the standard market. The rates of interest on the CalHFA Conventional is repaired throughout the 30-year term.
CalPLUS Conventional Loan Program
The CalPLUS Conventional program is a standard first home loan with a somewhat higher 30 year fixed rates of interest than our basic conventional program and is integrated with the CalHFA Zero Interest Program (ZIP) for closing expenses.
Deposit Assistance Program
The cash you put "down" or the down payment on your home loan can be one of the largest hurdles for many newbie homebuyers. That's why CalHFA provides numerous options for deposit and closing expense support. This kind of support is often called a second or subordinate loan. CalHFA's secondary loans are "silent seconds", implying payments on this loan are delayed so you do not need to make a payment on this help till your home is sold, refinanced or paid in full. This helps to keep your monthly mortgage payment affordable.
MyHome Assistance Program
FHA: MyHome provides a deferred-payment junior loan of an amount approximately the lower of 3.5% of the purchase price or evaluated value to assist with deposit and/or closing expenses, with a cap of $11,000.
USDA, Conventional: MyHome offers a deferred-payment junior loan of a quantity approximately the lower of 3% of the purchase rate or appraised value to help with down payment and/or closing costs, with a cap of $11,000.
VA: MyHome provides a deferred-payment junior loan of an amount up to the lesser of 3% of the purchase cost or appraised worth to assist with down payment and/or closing costs.
Note that the $11,000 cap does not apply to school workers and fire department workers, or those acquiring brand-new building and construction houses, manufactured homes, or homes with ADUs.